I don't think you can't reliably find a financing rate below the market's interest rate for investments. This should be in equilibrium.
Unless your credit card has a deal with every Internet store out there, they are giving you free money. "Free" means they are getting nothing for it. Perhaps customer loyalty. Can you think of any other reasons?
Sure you can. The car dealers offer them as incentives, just as they sometimes offer sales.
The internet card befuddles me a little bit too. Here's my guess: credit card companies have lower costs associated with internet transactions than with Point-of-Sale transactions, and they pass some of the savings on to me? The internet credit card has no magnetic stripe, so it can't be used normally. Only its number works.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
krja![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
Re:
Date: 2002-07-11 07:43 pm (UTC)I don't think you can't reliably find a financing rate below the market's interest rate for investments. This should be in equilibrium.
Unless your credit card has a deal with every Internet store out there, they are giving you free money. "Free" means they are getting nothing for it. Perhaps customer loyalty. Can you think of any other reasons?
(no subject)
Date: 2002-07-11 07:48 pm (UTC)The internet card befuddles me a little bit too. Here's my guess: credit card companies have lower costs associated with internet transactions than with Point-of-Sale transactions, and they pass some of the savings on to me? The internet credit card has no magnetic stripe, so it can't be used normally. Only its number works.